Contracts
An Iowa listing agreement is a contract between:
AThe buyer and the seller
BThe seller and the broker✓ Correct
CThe seller and the salesperson
DThe buyer and the salesperson
Explanation
A listing agreement in Iowa is a contract between the property owner (seller) and the brokerage (represented by the broker). The salesperson may negotiate and obtain the listing, but the contract is between the seller and the broker/brokerage, not the individual salesperson.
Related Iowa Contracts Questions
- An Iowa land contract (contract for deed) differs from a mortgage because:
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- Under Iowa contract law, an offer to purchase real estate may be revoked by the buyer:
- A unilateral contract in real estate is characterized by:
- In Iowa, an addendum to a purchase agreement must be:
- A land contract (contract for deed) in Iowa is a financing arrangement where:
- Which of the following BEST describes consideration in a real estate contract?
- In Iowa, the term 'meeting of the minds' in contract law means:
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